RNS dot flashing yesterday but when clicked on only previous announcement s were showing so I thought there was a glitch in LSE system. However agree that it's a good appointment and may signal a change from the past.
I'm surprised nobody else on this board had acknowledged the new appointment until now, given the RNS was released yesterday. Indeed, interesting times ahead for PIRI with Nick Lee on board. PRS have quite a stake in this.
Down to 16.75p today as opposed to a high of 105p. If you believe in their Guyana deal then don't waste time on Piri, but then there's the possible Namibia potential heavy drain to consider also. All food for thought !!
Subscription for shares in Pires Investments plc ("Pires")
Paternoster is pleased to announce that it has subscribed for 5,000,000 new ordinary shares in Pires Investments plc, as part of the company's recent placing, at a price of 3 pence per share for an aggregate investment of £150,000. This will give Paternoster a shareholding in the company of 17.3% post admission of the placing shares. As part of this investment, Paternoster will also be receiving 2,500,000 warrants to subscribe for new ordinary shares in Pires at a price of 4.25p at any time up to 2 May 2018.
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